Australia's Hipages Group falls on potential impact on investment margins

Hipages group

11/11/2021 01:02

** Online service directories provider Hipages Group
 HPG.AX  falls as much as 5% to A$3.65, its biggest intraday pct
drop since July 23
    ** Co says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02450420-2A1337966?access_token=83ff96335c2d45a094df02a206a39ff4
 it expects FY22 EBITDA margin to be lower than FY21 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02412463-2A1318597?access_token=83ff96335c2d45a094df02a206a39ff4
's 21% due to increased investments and development costs
    ** FY22 EBITDA margin to be affected by "supporting tradie
customers", increased investments
    ** Sees EBITDA margin to return to FY21 levels by the end of
FY22
    ** HPG among top 10 biggest percentage losers in the ASX All
Ordinaries Index  .AORD 
    ** HPG up 66% this year, as of last close, vs a
12.9%increase in the ASX All Ordinaries index

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))